Head of AICL Pricing

Job Introduction

A leader in Motor, Home, Travel and Health Insurance; Saga offers an environment where we will do the best thing for you to develop your skills and develop your career.

A great opportunity has arisen for a Head of AICL Pricing to join our AICL business. This is an important role within AICL to help and support both the AICL & CHMC functions of the business.

You will be leading a programme of continuous development and evolution of pricing models, applying established actuarial techniques and statistical methods. As well as overseeing the use of data enrichment for risk pricing and superior risk selection.

You'll bring experience of programming languages such as SQL, VBA and R.

And in return, you can look forward to all of the responsibility and involvement of an integral role, providing you with a rewarding and fast paced career with an excellent benefits package including life assurance, pension, high street and online discounts, and concessions for holidays and travel. 

If this sounds like a role for you then keep reading...

Role Responsibility

• Lead a programme of continuous development and evolution of pricing models, applying established actuarial techniques and statistical methods.
• Oversee the use of data enrichment for risk pricing and superior risk selection.
• Lead pricing innovation by adopting appropriate machine learning techniques in the modelling process.
• Lead and manage the Pricing team, with a heavy emphasis on a high-performance culture, development and team spirit by: 
• Managing, encouraging and developing team members.
• Organising and delegating work effectively.
• Having the courage and clarity to challenge and manage poor performance where necessary.
• Managing different levels and ambitions of individual team members and keeping engagement levels high.
• Acting as a role model for the rest of the team.
• ​Act as deputy for the Pricing Director and support the CEO through a dotted line whenever needed.
• Lead dynamic footprint expansion initiative.
• Develop further analysis and recommendations for areas such as conversion/retention, market price analysis and panel elasticity.
• Lead and deliver analysis required for new products.
• Work closely and build relationships between the Pricing team and wider AICL teams (UW, Finance and Claims), CHMC and SSL to enhance knowledge sharing, efficiency and productivity.
• Work closely and build cross-working with SSL on joint insurance initiatives to enhance group value, particularly focusing on the relationship with the London Actuarial team.
• Work closely with the Reserving and Solvency 2 functions, providing support in the practical delivery of internal and regulatory reporting.
• Manage any risks or controls delegated to this position as detailed in the relevant risk registers, in line with the business's risk policy.
• Leading project work is likely to form a significant part of the role, and will require accurate, complete and timely delivery.

The tangible outputs that this role produces are:

• Improved net rate structure and ensuring these are accurate.
• Achieving loss ratio targets and implementing pricing actions when necessary.
• Increased profitable footprint expansion.
• Improved monitoring processes which leads to further actionable insights.
• Improved forecasting and budgeting.
• Clear output in line with project goals.

The Ideal Candidate

Capability, Knowledge and experience:

• Proven track record of building successful and robust teams.
• Experience of managing a team across multiple locations.
• Detailed knowledge of General Insurance pricing processes and methodologies, as well as actuarial reserving techniques.
• Comfortable with traditional GLM techniques with a willingness to embrace new and emerging data analytics methods/tools.
• Experience of programming languages such as SQL, VBA and R.
• Experienced with ResQ and Emblem or similar systems.

Education and qualifications:

• Experienced qualified actuary.
• Experience in managing a team.

Personal Characteristics:

• Strong numerical and statistical capabilities. 
• Excellent oral and written communication skills.
• Strong influencing and relationship management skills.
• Possesses strong coaching abilities and actively motivates others to win.
• Proactive, enthusiastic and self-motivated.
• Strong organisational skills, e.g. time management, documentation etc.
• Team Player e.g. demonstrated by helping peers/department to achieve tasks when deadline is tight.  Happy working extended hours to meet business needs.
• Demonstrates Saga Way at all times.

Package Description

The standard benefits when you join Saga include:

• Option to purchase a further 5 days annual leave per year
• Free private medical insurance after 1 years service
• Pension
• AXA Be Supported
• Apples Nursery (Folkestone only and on a waiting list basis)
• Free fruit 
• Give as you earn
• Free eye tests
• Honeymoon benefit
• Sharebuy
• Salary finance
• Discounts on Saga holidays and insurance products
• A range of reductions and offers from leading retailers, travel groups and entertainment companies
• Long service awards

About the Company

When you join Saga you will see that we are committed to treating all employees fairly and to offering equal opportunities in all aspects of employment and advancement. 

We value diversity not just because it is the right thing to do, but because diverse teams perform better. Creating a culture in which everyone feels welcome and offering equal opportunities in all aspects of employment and advancement is incredibly important to us. Fair consideration is given to applications from all applicants, including those with disabilities. If you need support at any point with your application please let us know as we will be happy to help.

Learn more about the Saga business by watching our Saga plc results for the financial year 2018/2019

To all recruitment agencies: Saga does not accept agency CVs unless specifically engaged on the role by the HR Recruitment Team. Please do not forward CVs to our recruiters, employees or any other company location. Saga is not responsible for any fees related to unsolicited CVs.

Saga Group